Overview
- AMD contracted 25 MW of capacity for 10 years at an initial value of $311 million, with options that could lift the deal’s value to roughly $1 billion and expand capacity to 200 MW.
- Riot will begin delivering capacity in January 2026 and target completion in May 2026 by retrofitting an existing Rockdale building with estimated capex of $89.8 million, or $3.6 million per MW.
- Riot purchased 200 acres in Rockdale for $96 million in a fee-simple deal funded by selling approximately 1,080 Bitcoin.
- The acquisition secures land and power rights, including a 700 MW grid interconnection, as Riot positions the site for high-density data-center tenants.
- Riot reports a Texas portfolio exceeding 1,100 acres and about 1.7 GW of power, and its shares rose roughly 13% in early trading after the announcements.